Unified Payments Interface (UPI) which was introduced by HDFC it has made small payments over UPI other than those on national electronic fund transfer (NEFT).It notified all the outward transactions and email to the account holders and which will be charged from July 10.

Transactions from Rs 1 to Rs 25,000 will be charged Rs 3 plus taxes while transactions above Rs 25,000 to Rs 1 lakh will be charged Rs 5, as against this the NEFT charges are Rs 2.5 for transactions up to Rs 10,000 and Rs 5 for transactions above Rs 10,000.

The bank said that you can receive money and send money by the UPI (Virtual Payment Address). you don’t have to share your account number, mobile number, IFSC code.